{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-032276","form_type":"8-K","ticker":"AVB","cik":"0000915912","company_name":"AVALONBAY COMMUNITIES INC","filed_at":"2025-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.797429+00:00","generated_at":"2026-05-23T22:05:08.980157+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"AvalonBay ups revolver to $2.5B, adds $450M term loan, CP program to $1B","bullets":["Seventh Amended Revolver: $2.5B (up from $2.25B), matures 3-Apr-2030, accordion to $3.0B; spread SOFR+0.725%.","$450M term loan facility matures 3-Apr-2029, fully hedged via swaps to fixed 4.47% effective rate.","Commercial paper program increased from $500M to $1.0B, backstopped by revolver capacity.","No outstanding borrowings under either facility as of 3-Apr-2025.","Covenants unchanged: total debt/capitalization, EBITDA/debt service, secured leverage, unsecured/asset value."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-032276","json":"https://secwatch.observer/filing/0001104659-25-032276.json","markdown":"https://secwatch.observer/filing/0001104659-25-032276.md","text":"https://secwatch.observer/filing/0001104659-25-032276.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/915912/000110465925032276/0001104659-25-032276-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/915912/000110465925032276/tm2511411d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T22:05:08.980157+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}